House prices to keep rising for years

[MrBurns]

I do have kids. So you can shut up thanks and I'll comment on this issue all I want!
Beej

Looking after the kids isn't hard, and I have two boys (3 & 7). I was a full time father for a few months when both boys were born. I would give up work in an instant to do it. I agree with beej it is one of the most fun jobs (apart from nappies).

You 2 bludgers obviously left the hard work to someone else and were just around for playtime or didnt do the job right.

 

[moXJO]

On SoftDs points I would agree that we are working a hell of a lot more to get ahead. And rising bills across all sectors is starting to really bite.

 

[moXJO]

You 2 bludgers obviously left the hard work to someone else and were just around for playtime or didnt do the job right.

LOL I don't think so, I did it on my own with no major drama. Maybe you just found it hard to do?

 

[Beej]

You 2 bludgers obviously left the hard work to someone else and were just around for playtime or didnt do the job right.

I never would have picked you as "Mr Mom" staying home with the kids while you sent the wife out to work Mr Burns! But there you go..... or are you really just a big old hypocrite?

Beej

 

[MrBurns]

LOL I don't think so, I did it on my own with no major drama. Maybe you just found it hard to do?

Not too hard, I just did it right.

 

[MrBurns]

I never would have picked you as "Mr Mom" staying home with the kids while you sent the wife out to work Mr Burns! But there you go..... or are you really just a big old hypocrite?

Beej

If you ever looked after 2 young kids all day .........properly...........not just let them run wild to play among the traffic while you watched Opra you'd know different.

Anyway that's all off topic.

 

[Soft Dough]

What rot! Have you looked after your kids for days/weeks on end? I have - I can tell you it not the "hardest" job in Australia. It's maybe the most monotonous and repetitive/thankless job, and sometimes the "funnest" , but far form the hardest! In fact just about anyone can (and does) do it!

In the old days the vast majority of women had no choice but stay home and look after the kids. Personally (and my wife, sisters, mother etc all agree), I think it is fantastic that women have the choice today to pursue other career interests, earn real income etc and have children. I can't believe that anyone can be so derisive of women who make this choice.

You actually missed the point of my argument, that there are women who stay at home, and it is OTHER WOMEN who judge them as being inferior.

The funny thing is, there is a MASSIVE difference between supervising a child and raising one to be well balanced, well behaved, creative and to reach their full potential and when I supervise my children, it is bloody hard work to keep them interested, stimulated and safe. Something I would never entrust a 16 year old daycare worker to do as well as I can.

How has the government engineered this exactly? Are you sure it's just not what people actually want?? (The "great Australian dream that is). You seem to be full of such bitterness around this issue it seems that in reality you have the same desires but are just upset about what it costs? As has been pointed out so many times on this thread, if you really want to live on one income and have your partner stay at home with the kids, (assuming you don't earn enough to do this and live in Mosman) there are loads of cheap houses in all Australia's cities (sub $300k). Or you can choose to rent of course. It's your CHOICE whether you take this path, or instead want to own/live in a better located house etc and thus pay more.

The government has engineered it by not allowing reasonable competition to let the market feel the ebbs and flows of the economy. If this happened people would not gear so highly, and hopefully put their money into assets that generate wealth for the country, and not just the individual. Prices for houses would be more affordable, and people would not have to sacrifice their children for their 21st century baby, the Mcmansion.

Are you a ultra-religious or something? What's this "sanctity" of the weekend business? I don't know about you, but the weekends are when I do my shopping (retail, hardware, groceries, clothes), it's when I go out to restaurants and so on. I remember what things were like when every shop shut at 5pm and was only open on Sat mornings/Thu nights otherwise, it really sucked! Liberalisation of the labour market and the ability of retail businesses to open at hours when most of their customers can actually go to their shops was 100% a good move that has improved the lifestyle of a majority of people!.

not religious, I just recognise that family values have seemed to go out the window with many changes, and this I feel is one of the major causes. Instead of people getting together and communicating, interacting and building families, they are shopping, and/or one of their children/parents etc is not there as they are working.

It is funny, as obviously there were so many people who could never actually ever ever get to the shops when trading hours were reasonable. Try to pull the other one.

Actually the boomers had plenty of kids, it's their ultra-selfish Gen-X and Gen-Y offspring, who spent all their money traveling the world when young, partying, living it up etc, and who now complain that they can't afford a 4 bedroom/2 bathroom house 5km's from Sydney CBD, and so use that as one of many excuses to put off having kids! IMO the baby-boomers were a far more financially responsible and conservative generation than either of Gen-X or Gen-Y - the boomers knew how to defer gratification, and understood that to get ahead in life takes time, compromises/sacrifices, patience, saving, long term planning etc etc. These are the traits large numbers of the newer generations lack.

PS: I am Gen-X by the way, but learned the financial habits of the BBs from my parents. By following their guidance I have ended up in a far stronger financial position than 95% of all the fellow Gen-Xers I grew up with/know etc.

Rubbish. The baby boomers birth rate was insufficient. That is a fact, and anyone with any common sense will realise this is the cause of the "ageing population", so please, have a think before posting such nonsense.

As you would be well aware, being generation-x, the baby boomers were in the fortunate position of following a generation which were exposed to real financial hardship. They were therefore put in a position where there was little multinational competition, where the entrepreneur had far greater chance of succeeding. Nowadays, with bb controlling most assets, lifespans increasing ( hence transition of assets decreases ), lack of the government to increase the pension to a reasonable age ( anyone saying 70-75??) and massive competition from multinationals then there is less chance for x and y to make it for themselves.

The kids lack the skills due to poor guidance from selfish parents and the enormity of the job ahead ( ie when bb had to pay 3x earnings for a house vs 8x now, is there any wonder why it seems so impossible to some )

 

[MrBurns]

Money is more important than people these days, no doubt about it.

Rising house prices mean that the wife has to work to pay the mortgage so the kids have to go to daycare.

People who rejoice in this are short sighted and selfish and never see the big picture only their own wallet - oink !

 

[moXJO]

If you ever looked after 2 young kids all day .........properly...........not just let them run wild to play among the traffic while you watched Opra you'd know different.

Anyway that's all off topic.

What do you think I am
A labor supporter
I try to take as big of an active role in my kid’s upbringing as I can. It's a hell of a lot easier then some construction workers. Who when unsupervised will urinate everywhere, break things, get drunk then punch on, or swear a lot. When I think about it I should be an expert on child raising. You guys have got the wrong line of thinking.
Sorry off topic

 

[Mofra]

Money is more important than people these days, no doubt about it.

Rising house prices mean that the wife has to work to pay the mortgage so the kids have to go to daycare.

People who rejoice in this are short sighted and selfish and never see the big picture only their own wallet - oink !

I think you've completely jumped the shark now.

a. I know of plenty of single income families, some of them started as dual income, some as single.

b. If people decide to have both partners work so they can afford to live somewhere closer to a metropolitan centre, who are you or I to judge?

You have acknowledged previously that you are the bears' version of Robots; at least Robots appears happy. You sound absolutely miserable.

 

[MrBurns]

I think you've completely jumped the shark now.

a. I know of plenty of single income families, some of them started as dual income, some as single.

b. If people decide to have both partners work so they can afford to live somewhere closer to a metropolitan centre, who are you or I to judge?

You have acknowledged previously that you are the bears' version of Robots; at least Robots appears happy. You sound absolutely miserable.

Who's post were you replying to ? not mine I hope because yours makes no sense at all.

Who are YOU to judge my obsevations of how things are these days or did I hit a sore spot with you ?????? more likely.

What on earth would make you think I'm miserable ? or don't you like a dose of realism just happy happy happy.........sorry I dont get those pills.

 

[Mofra]

Who's post were you replying to ? not mine I hope because yours makes no sense at all.

Who are YOU to judge my obsevations of how things are these days or did I hit a sore spot with you ?????? more likely.

What on earth would make you think I'm miserable ? or don't you like a dose of realism just happy happy happy.........sorry I dont get those pills.

I was replying to your comment "Rising house prices mean that the wife has to work to pay the mortgage so the kids have to go to daycare". You did type that (you may need to read up a little higher).

I disagree with it, plenty of single income families still exist in Australia. You don't know any or don't believe so?

Secondly, in terms of happiness I can make any observation I like - 99% of your posts are complaints. That's not a healthy way to live. You have every perogative to post whatever you like - as do I.

Sore spot with me? Ha, I've just had one of the best weekends of my life & I have a 0630 flight to Sth America tomorrow. I don't get much happier than right now

 

[MrBurns]

I was replying to your comment "Rising house prices mean that the wife has to work to pay the mortgage so the kids have to go to daycare". You did type that (you may need to read up a little higher).

Sorry I just couldnt believe your reply, do you live with your head in the sand ?
On of the great tragedies of modern life is that both have to work to pay the mortgage.

I disagree with it, plenty of single income families still exist in Australia. You don't know any or don't believe so?

You disagree with it ?????????? Attention all you married couples with kids who need 2 incomes to make ends meet, Mofra doesnt agree so one of you must stop working immediately, the mortgage will be ok Mofra says so

Secondly, in terms of happiness I can make any observation I like - 99% of your posts are complaints. That's not a healthy way to live. You have every perogative to post whatever you like - as do I.

Complaints ? you mean like the ones you posted about me ? Ohhhh I see they arent complaints they're observations Ohhhhhhh

Sore spot with me? Ha, I've just had one of the best weekends of my life & I have a 0630 flight to Sth America tomorrow. I don't get much happier than right now

Have a nice time and don't tell any anacondas that they dont have the right to swallow you whole, they just dont listen

 

[robots]

hello,

good evening, what another great day

gloomers till kicking on with the usual sour grapes in life

well done Beej, you called it brother, only five of us on the planet do it like no other

we walk a different path and others will always be about trying to bring us down, we miles ahead mentally and physically

its like people who when drive look only a couple of metres ahead whereas we looking 100 metres ahead man

bully boys, treat the poor how they would treat you, thats fair

thankyou
professor robots

 

[888]

Price for houses should fall if people stop buying houses for investment and speculation purposes. If someone has a house and buy another house for investment that's fair enough but hogging more than that is ****ing up people who are trying to get into buying their first house. People who wrote books like "From 0 to 130 Properties in 3.5 Years" should be shot because not only their hogging 128 houses from people who needs them, they actually teaching others to do it too.

 

[kincella]

I believe some of us will need to revert to a plan b, or c.....for both fhb's or investors....if you were thinking about buying in the inner suburbs....due to the increased competition coming from all sides.....maybe the tree change areas will prove to be the only answer....not an option of choice as it was in the past......
..............
oh and to put some things into perspective......there were 650,000 home sales last year.....roughly 12500 buyers and sellers every week.......
ASF has 10-15 regular commentators on housing.....
.....................................................................
the following is an extract only....regarding increasing immigration , I mean increasing the number of taxpayers....and replacing the boomers as the boomers leave the workforce....
remember the stories about all the houses becoming vacant as the boomers fled to aged care, or their caravans, and house prices would drop accordingly ???
well in this article there is no mention of where the new housing will come from....to cater for the immigrants...who will replace the boomers, as taxpayers....
............................extract..........

Migrants injected into the 20s segment of the workforce are being offset by boomers exiting from the 60s segment. This situation hasn't applied before, but it will start to apply from 2011 onwards.

If we want to maintain growth in the tax base, we need to ramp the level of migration. The other options, of course, are to reduce government services and funding; to radically increase the level of workforce participation; or to increase the level of taxation. Or -- and this is, I think, the most likely outcome -- to apply all of these levers, including raising the level of skilled migration.

Targeted migration aimed at fit young workers is a good deal for Australia, and in many cases for origin nations as well. Migrant workers pay tax and they also send money back to family groups. Total remittances paid from Australia over the last financial year were $816m. Our total foreign aid budget is just $3.8bn.

In the revised population outlook outlined by the Australian Bureau of Statistics in September last year, and reinforced by the intergenerational report released last month, the migration assumption over next decade jumps to 1.8 million. In this scenario, the productive population increases by 1.427 million or 10 per cent.

Let's compare the outlook for the next decade based on the two approaches to migration. A modest migration outlook yields net growth in the productive population of 780,000, whereas ramped migration pushes this number to 1.427 million. The difference is 647,000 people who are eligible to enter the workforce and pay tax.

The other way to look at these figures is to say that this decade we have become addicted to a rising tax base fuelled by 1.8 million extra bodies injected into the pool from which the tax base is drawn.

http://www.theaustralian.news.com.au/business/story/0,28124,26179529-25658,00.html

pssst....investors go back into the property market
"Investors are flooding back into the housing market," said JP Morgan's economist Helen Kevans in a note to clients. Loans to investors made up 27 per cent of all loans issued in August, up nearly 2 percentage points in July.

http://www.smh.com.au/business/investors-shore-up-housing-market-20091007-gm5y.html

oh and again...those pesky cashed up immigrants are forcing prices up....in the middle end of town.....they usually pay cash...no mortgage worries here...

Million-dollar sales force up property prices
By Peter Familari
Herald Sun
October 08, 2009 12:01am

Mainland Chinese buyers made up more than one-third of buyers, one Victorian agent said / File
Real Estate agents chasing Chinese buyers
Hiring Mandarin-speaking salesmen

FORGET the "for sale" sign, the new catch-cry in Melbourne's leafy suburbs is "duoshao qian".

Victoria's top real estate agents have begun hiring Mandarin-speaking salesmen to cash in on the property boom.

Translated, "duoshao qian" means "how much"? And it's a question being asked more than ever before, The Herald Sun reports.

Leading agents say more than 30 per cent of their stock is bought by families from mainland China.

"This calendar year 34 per cent of our sales went to mainly Chinese buyers compared to 15 per cent last year. We're up 125 per cent overall," Jellis Craig director Scott Patterson said.

"Demand is so strong we've got two native speaker agents starting next week."
Some agents say the boom grew when the Federal Government eased foreign investment rules on property last year

http://www.news.com.au/business/money/story/0,25197,26181346-14327,00.html

 

[Gone Fishin]

Price for houses should fall if people stop buying houses for investment and speculation purposes. If someone has a house and buy another house for investment that's fair enough but hogging more than that is ****ing up people who are trying to get into buying their first house. People who wrote books like "From 0 to 130 Properties in 3.5 Years" should be shot because not only their hogging 128 houses from people who needs them, they actually teaching others to do it too.

lol are you for real?

 

[kincella]

where do the elderly go now......whoops looks like they stay at home...or some will become homeless....
the housing problem is not just about first home buyers....who can delay, stay at home, or share.......
the housing shortage affects the whole of society....
and from todays news.....there is nothing being done to overcome these problems.....
at least investors are doing their bit to provide rental accommodation for some....at least for those people, who prefer to rent rather than buy....buying is not for everyone.....going by my prior post about immigration...it would seem property as an investment in the inner suburbs in the larger cities, will actually prove to be a much smarter option in the future, than it has ever been in the past.....however, there will be suburbs where the immigrants will go, to be with others from the same country, that may be worth looking at.......
..............................................
Council rules cause shortage of aged-care housingFont Size: Decrease Increase Print Page: Print Bridget Carter | October 08, 2009
Article from: The Australian
AUSTRALIAN suburbs crying out for more affordable, secure complexes to house elderly residents could wait years to find somewhere for them to go.

That's because local councils' restrictive planning rules do not allow construction of retirement villages and aged-care facilities in many areas.

With the country in the grip of a national housing shortage, among the hardest hit are retirees -- many of whom are seeking affordable aged-care accommodation or do not have the finances to enter a retirement village.

It is understood there are 400,000 people aged 85 and older and the number is projected to treble over the next 30years to 1.1 million, yet about one third of the retirement villages, aged-care facilities and land parcels earmarked for senior citizen housing are in the hands of receivers.

Many retirement and aged-care developments have collapsed because people who had provided finance pulled out after struggling to sell their homes in the downturn, while many developers and operators have grappled with large debts during the global financial crisis.

Moves by not-for-profit groups to provide affordable places for elderly residents are also being thwarted by planning rules and opposition by local residents to construction of complexes in their street.

http://www.theaustralian.news.com.au/business/story/0,28124,26179527-25658,00.html

--------------------------------------------------------------------------------

 

[moXJO]

Some agents say the boom grew when the Federal Government eased foreign investment rules on property last year

Hey kince, do you know why the Govt eased the investment rules?

 

[MrBurns]

Hey kince, do you know why the Govt eased the investment rules?

Because they are incompetent, reckless dickheads.